Retirement coming soon? 4 tax issues you may face.
Retirement and Tax Issues If you’re getting ready for retirement, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown…
Use Your 401(k) and Roth to Save
Using your 401(k) and Roth plans to save this year and next You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer…
Succession Planning and Retirement Planning
Putting together the succession planning and retirement planning puzzle Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge. You must save for your…
Gift Tax: Take advantage of the exclusion rules
Gift tax exclusion rules As we head toward gift-giving season, you may consider giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of…
You May Have to Pay Tax on Social Security Benefits
Your Payments May Be Taxed During your working days, you pay Social Security tax in the form of withholding from your salary. And when you start receiving Social Security benefits,…
Working After 70½ and Your RMD
Still working after age 70½? You may not have to begin 401(k) RMDs If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking…
Is America Prepared to Retire?
A look at some ways to get ready. Provided by Dane Wilson, Financial Advisor Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked…
Tax Considerations for Retirees
Are you aware of them? Provided by Dane Wilson, Financial Advisor The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than…
Underappreciated Options for Building Retirement Savings
More people ought to know about them. Provided by Dane A. Wilson, Financial Advisor There are a number of well-known retirement savings vehicles, used by millions. Are there other, relatively…
Making Retirement Planning a Priority as You Age
As you approach retirement, it may be time to pay more attention to investment risk. Provided by Dane A. Wilson, Financial Advisor If you are an experienced investor, you have…